Market trends, strategic guidelines and current challenges shaping the insurance market in Croatia and Europe were discussed by almost 450 leading experts at the largest regional insurance industry gathering – Croatian Insurance Days 2025 in Opatija from 14 to 16 May 2025, osiguranje.hr writes.

According to data provided by the Croatian Financial Services Supervisory Agency (HANFA), the 14 insurance companies operating on the market reported total premium collected in Q1 2025 of EUR 493 million, of which EUR 76.8 million (-1.12% y-o-y) related to life insurance premium and EUR 416.15 million (+11.21% y-o-y) to non-life insurance premium.

UNIQA Insurance, that has been operating in Croatia for 25 years and is part of the UNIQA Group, one of the leading insurance groups in Austria and Central and Eastern Europe, achieved a profit after tax of EUR 4.79 million in 2024, which is less than the previous year when the profit amounted to EUR 6.88 million, osiguranje.hr writes.

Adriatic osiguranje, one of the leading companies on the Croatian insurance market, achieved a net profit of EUR 4.06 million in 2024, which is 12.38% more y-o-y, according to the financial report, osiguranje.hr writes.

HOK osiguranje d.d., that has been present on the insurance market in Croatia since 2001, achieved a net profit of EUR 3.52 million at the end of 2024, which is 58.76% more y-o-y, according to the financial report on the company's website, osiguranje.hr writes.

Slovenian reinsurer Pozavarovalnica Sava (Sava Re) said that Croatian insurer Croatia Osiguranje has raised its stake in Sava Re by 4.87% to 19.04% last week. Croatia osiguranje is the largest and oldest insurance company in Croatia. The company is a market leader with a strong focus on digitalization.

The largest and most important annual gathering for the insurance industry will once again be held in Opatija, from 14-16 May, at the Amadria Park Grand Hotel 4 Opatijska Cvijeta, osiguranje.hr writes.

In the first two month of the year Croatian insurance companies collected EUR 312.2 million in premiums, or 8.8% more y-o-y. Of this, EUR 48.2 million (15.4%) came from life insurance, which is 1.1% less y-o-y, and EUR 264.0 million (84.6%) came from non-life insurance, which is 10.8% more y-o-y, osiguranje.hr reports.

In 2024 GWP of the Croatian insurer Wiener Osiguranje Vienna Insurance Group (VIG), part of Austrian Vienna Insurance Group and one of the top five life insurers in Croatia, reached EUR 144.8 million, which is 9.1% more y-o-y, thanks to growth in all key business segments, SeeNews writes.

The total GWP collected by Croatian insurers in January of 2025 reached EUR 153.5 million, which is 10.17% higher y-o-y. Of that total, EUR 22.8 million (14.8%) relates to life insurance, and EUR 130.8 million (85.2%) – to non-life insurance, osiguranje.hr reports.

At the end of 2024, the insurance market of Croatia totalled EUR 1.9 billion, of which EUR 335.1million (17.4%) related to life insurance premium and EUR 1.6 billion (82.6%) to non-life insurance segment, according to the YE 2024 statistics published by The Croatian Financial Services Supervisory Agency – HANFA.

Croatia’s leading insurance and reinsurance brokerage, Fortius Inter Partes, has acquired Link Insurance Brokers, a company active in the market since 2017, further solidifying its position as the market leader, Fortius announced.

In 2024, Croatian insurers paid out a total of EUR 1.3 billion in claims, 8.3% up y-o-y, HANFA, the market authority, said. On an annual basis, the total collected premium increased by 9.9%, 11.2% for non-life and 4.2% for life insurance. The total premium collected amounted to EUR 1.9 billion

UNIQA Hrvatska in the SEE region (Bosnia and Herzegovina, Serbia, Montenegro, Bulgaria, Croatia and Romania), achieved excellent business results in the first nine months of 2024: according to preliminary results, the premium collected grew by 14.4%, and profit before tax amounts to EUR 6.7 million.

ANO, the first Croatian insurance broker and one of the leaders on the domestic market, is expanding its operations by entering the market of Bosnia and Herzegovina, osiguranje.hr writes.

The total GWP in Croatia in the first 10 months of 2024 amounted to EUR 1.6 billion, which is 11.41% more y-o-y. Of the total, EUR 271.3 million (17%) came from life insurance, and EUR 1.3 billion (83%) - from non-life, osiguranje.hr reports.

Fitch Ratings has assigned Croatia's top insurer Croatia Osiguranje (Crosig) an Insurer Financial Strength (IFS) rating of 'A-' (strong) with a stable outlook, SeeNews reports.

Marsh McLennan appointed Jasminka Horvat Martinović, former director of the Croatian Association of Managers CROMA, as President of the Management Board of Marsh McLennan Croatia. She replaces Iva Rogović Lekić who left the company for GrECo Specialty, in Vienna.

Consolidated revenue from insurance sales, including regional subsidiaries, amounted to EUR 392 million, up 12% compared to the same period last year. In 3Q2024, Croatia osiguranje generated a consolidated net profit of EUR 46.3 million, which is an increase of 43% versus 3Q2023, when storm damage negatively impacted profits in the period.

Last year, there were 71 deaths per million inhabitants in Croatia, while the average in the EU was 46, osiguranje.hr reports.